Finding Text
Finding 2025-009 – L. Special Reporting – Fiscal Operations Report and Application to Participate (“FISAP”) Information on Federal Program(s) - Student Financial Assistance Cluster (ALN’s 84.007, 84.033, 84.038, 84.063, 84.268, 84.379) Criteria or Specific Requirement – In accordance with 34 CFR 676.19, an institution is required to submit the FISAP annually by October 1st, following the end of the award year, and to accurately complete all required key line items containing critical information. The deadline for submitting data corrections is December 15th of the year in which a school submits its FISAP. Condition – The University submitted the 2024-2025 FISAP with an error, and data correction was not submitted by the required deadline. Cause - Administrative oversight and insufficient internal controls. Effect or Potential Effect – Noncompliance with reporting requirements. Questioned Costs – None. Context – The University submitted the annual FISAP for the 2024-2025 reporting year by the required deadline; however, Perkins cash on hand reported did not agree to the audited financial statements. The window to correct the 2024-2025 FISAP has closed; as of the date of our Single Audit report, the error remains uncorrected as of the date of this report. Indication of Repeat Finding - This is a repeat of prior year Finding 2024-010. Recommendation – We recommend that the University enhance its procedures and internal controls over compliance to ensure that the FISAP is accurately completed prior to submission. Views of Responsible Officials – The University acknowledges the FISAP report was filed with incorrect data and not amended in a timely manner. The University has developed a series of internal controls and procedures to ensure that the data provided for the FISAP will be accurate going forward. Wheeling University worked with ECSI regarding Perkins information. With the Perkins program ending, we realized that we needed to move in the direction of closing out Perkins files/information. ECSI has been updated with the Cash on Hand documents that we have from the Department of Education. The University is currently working with ECSI so that we are able to submit Perkins information/files to the Department of Education.